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3M Co MMM

Morningstar Rating
$91.46 −0.84 (0.91%)
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Company Report

Price vs Fair Value

MMM is trading at a 28% discount.
Price
$91.46
Fair Value
$439.00
Uncertainty
Very High
1-Star Price
$663.16
5-Star Price
$71.60
Economic Moat
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Capital Allocation
Jfznkyyj

Bulls Say, Bears Say

Bulls

3M continues to emphasize innovation and keeps competitors away with generous levels of R&D spending, which typically totals nearly 6% of net sales.

Bears

While 3M has earned returns that have doubled its cost of capital for over 25 years before the pandemic, gross profits over prior-year R&D spending have started to slow.

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News

Trading Information

Previous Close Price
$92.30
Day Range
$91.4292.63
52-Week Range
$85.35113.14
Bid/Ask
$91.25 / $91.56
Market Cap
$50.55 Bil
Volume/Avg
826 / 3.6 Mil

Key Statistics

Price/Earnings (Normalized)
9.90
Price/Sales
1.55
Dividend Yield (Trailing)
6.57%
Dividend Yield (Forward)
6.60%
Total Yield
6.64%

Company Profile

3M is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories. As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company’s revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of net sales. Many of the company’s 60,000-plus products touch and concern a variety of consumers and end markets.
Sector
Industrials
Industry
Conglomerates
Stock Style Box
Large Value
Total Number of Employees
85,000

Competitors

Valuation

Metric
MMM
KMB
DD
Price/Earnings (Normalized)
9.9018.4020.01
Price/Book Value
10.5144.651.23
Price/Sales
1.552.012.60
Price/Cash Flow
7.9613.8813.39
Price/Earnings
MMM
KMB
DD

Financial Strength

Metric
MMM
KMB
DD
Quick Ratio
0.710.471.54
Current Ratio
1.070.822.43
Interest Coverage
−9.557.671.88
Quick Ratio
MMM
KMB
DD

Profitability

Metric
MMM
KMB
DD
Return on Assets (Normalized)
10.56%12.65%3.90%
Return on Equity (Normalized)
54.15%331.30%6.14%
Return on Invested Capital (Normalized)
21.33%26.41%5.18%
Return on Assets
MMM
KMB
DD
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